Bank Statement Loans

The real hurdle isn’t eligibility — it’s proof of income.

That’s a delivery method, not an income formula. The lender still has to decide how those deposits become qualifying income.

Equity, credit, and debt-to-income still drive the decision, while income documentation shifts toward tax returns, bank statements, or some blend of both.

Most alt-doc programs swap two years of tax returns for bank statements, 1099s, or a CPA-prepared profit-and-loss statement.

– Bank statement is a documentation method. HELOC is a structure. They get sold together, but they’re not the same thing.

It still runs through full underwriting — credit, equity, and reserves all apply — and title has to sit with the individual borrower, never an LLC.

Confuse the occupancy categories and you’ll misjudge how much equity is actually available.

Leverage, credit floors, and line size all shift by occupancy — investment property caps out well below what a primary residence can reach.

Can You Get A Home Equity Loan If You Are Self Employed — Yes.

Can You Do A Bank Statement HELOC — Yes, this is a real product, not a workaround.

Leverage, credit floors, and line size all shift depending on whether the property is a primary residence, a second home, or an investment property.

An LLC-owned property doesn’t qualify for this product at all.

On investment property, the line caps around 70% CLTV through select lenders in Lendmire’s wholesale network, and requires roughly a 700 credit floor.